Zepp Health Corporation Reports Unaudited Consolidated Financial Results for the Second Quarter and Six Months Ended June 30, 2021
August 20, 2021 at 06:41 am EDT
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Zepp Health Corporation reported unaudited consolidated financial results for the second quarter and six months ended June 30, 2021. For the quarter, the company reported revenue of RMB 1,835,141,000 compared to RMB 1,137,274,000 a year ago. Operating income was RMB 71,598,000 compared to RMB 9,411,000 a year ago. Net Income was RMB 92,301,000 compared to RMB 14,118,000 a year ago. Basic net income per share attributable to ordinary shareholders was RMB 0.37 compared to RMB 0.05 a year ago. Diluted net income per share diluted attributable to ordinary shareholders was RMB 0.35 compared to RMB 0.05 a year ago. ADS basic income per ordinary share was RMB 1.47 compared to RMB 0.21 a year ago. ADS diluted income per ordinary share was RMB 1.41 compared to RMB 0.21 a year ago.
For the six months, the company reported revenue of RMB 2,982,404,000 compared to RMB 2,225,735,000 a year ago. Operating income was RMB 21,401,000 compared to RMB 29,909,000 a year ago. Net Income was RMB 51,740,000 compared to RMB 32,060,000 a year ago. Basic net income per share attributable to ordinary shareholders was RMB 0.21 compared to RMB 0.13 a year ago. Diluted net income per share diluted attributable to ordinary shareholders was RMB 0.20 compared to RMB 0.13 a year ago. ADS basic income per ordinary share was RMB 0.83 compared to RMB 0.52 a year ago. ADS diluted income per ordinary share was RMB 0.79 compared to RMB 0.50 a year ago.
Zepp Health Corp, formerly Huami Corp, is a company committed to connect health with technology. It has developed a platform of proprietary technology including artificial intelligence (AI) chips, biometric sensors, and health data algorithms. It is engaged in developing smart wearable technology. It designs and develops biometric and activity data-driven fitness and smart watches. It markets its products under the brand name, Amazfit and is the sole partner for Xiaomi wearable products. The products includes Amazfit BIP, Amazfit pace, Amazfit equator, Amazfit ARC, and accessories, such as sports bands, watch straps, ear buds, charging units, and core trackers. The smart watches provides activity tracking, sleep tracking, smart notifications from mobile devices, GPS, heart rate sensing, water resistance, wireless syncing with mobile phones. It also provides a mobile application to keep track of the fitness information, set alarms and receive call notifications on the smart watch.
ZEPP HEALTH CORPORATION 
